Immediate past Governor of Niger state, Dr Mu’azu Babangida Aliyu, has defended the inability of the last administration at the federal level to save part of its income in the boom era for the rainy day, saying the government was handicapped by the 1999 Constitution.

He said what the constitution provided for was for all amounts of money generated to be put in the federation account and shared among the three tiers of government.

“The Constitution did not say we should save anything; what the Constitution says is that we should generate and share. It will be illegal for us to say we want to save; the law does not allow it,” Aliyu explained.

He made the remarks in Minna, Niger State, on Saturday when he served as the chairman at the second edition of the NDEDI Annual lecture series which had as its theme, “The Emergence of the Current Economic Realities: Expectations on the part of government and the private sector”.

However, the former governor said he and some of his colleagues were convinced at the time of the need to keep some money aside for eventuality, which brought about the establishment of the Sovereign Wealth Fund.



https://www.today.ng/news/nigeria/214235/pdp-govt-save-rainy-day-aliyu


Cc: Lalasticlala

Did Constitution allow Obasanjo and Yaradua to save before they did?

GEJ saying he fought corruption without making noise about it is like Osama Bin Laden saying he converted people to Judaism without making noise about it. How can u be president for six years and achieve nothing? Yet some mofos go de blame Buhari for recession. Nigga that couldn't govern a state comprising 8 LGAs properly we carry a whole country give am. So-called 'corrupt OBJ saved, Yar'adua saved, but you didn't save because the constition didn't say so. mumu people

k

Mad people looking for excuse

superstarDikk:
GEJ saying he fought corruption without making noise about it is like Osama Bin Laden saying he converted people to Judaism without making noise about it. How can u be president for six years and achieve nothing? Yet some mofos go de blame Buhari for recession. Nigga that couldn't govern a state comprising 8 LGAs properly we carry a whole country give am. So-called 'corrupt OBJ saved, Yar'adua saved, but you didn't save because the constition didn't say so. mumu people

GEJ doesn't know your existence here on earth if you talk till 2099 the dude won't care.

you are here calling people MUMU while your own MUMUness no get season 2.
Buhari is fighting Kworoption yet saint Amaechi is working with him, Angel Brutai is there, Messaih Abba Kayri
is dia,.

it was the same Amaechi and other northern governors that dragged GEJ to court in order to share the excess crude oil money.


if you find him to be corrupt, why not jail him.

everyday person go here recovered loot of $10bn, TSA has over 4.7trn cash flow and yet to borrow dey hungry dem like when guys like me see big borbi to suck.

this government is a big figure money government.


Thank God say Super Eagles win today.
they made me happy today not the person I just mistakenly quoted.

That umbrella was a cover for thieves. that's why all treasury looters ran into it for a cover. some are running to the broom cuz theirs shield is Brown by the powerful wind of change. No hiding place for looters cuz the broom is still at work

Very funny. GEJ does not know their existence but their vote send him back to Otuoke.

Emmaoga:


GEJ doesn't know your existence here on earth if you talk till 2099 the dude won't care.

you are here calling people MUMU while your own MUMUness no get season 2.
Buhari is fighting Kworoption yet saint Amaechi is working with him, Angel Brutai is there, Messaih Abba Kayri
is dia,.

it was the same Amaechi and other northern governors that dragged GEJ to court in order to share the excess crude oil money.


if you find him to be corrupt, why not jail him.

everyday person go here recovered loot of $10bn, TSA has over 4.7trn cash flow and yet to borrow dey hungry dem like when guys like me see big borbi to suck.

this government is a big figure money government.


Thank God say Super Eagles win today.
they made me happy today not the person I just mistakenly quoted.

muykem:
Very funny. GEJ does not know their existence but their vote send him back to Otuoke.

their votes didn't send him to Otuoke, it made the whole world to recognise him than when he was president.

he now go round the world.

I won't be surprised if America calls him to chair the swearing in ceremony of President Trump while the person your votes sent to aso rock will watch it on NTA news by 8pm the next day

Emmaoga:


their votes didn't send him to Otuoke, it made the whole world to recognise him than when he was president.

he now go round the world.

I won't be surprised if America calls him to chair the swearing in ceremony of President Trump while the person your votes sent to aso rock will watch it on NTA news by 8pm the next day

Well thank God is our votes that send him to aso rock as did ur Messiah trump. Some people get sense while others senseless. I think the number one killer disease in naija is not aids or ebola but heart attack from hatred .